I rode it and I liked it a lot. He's now saying $1k plus my xbox and tv. He traded his truck for the bike on nov 2nd and still hasn't received the pink slip in the mail yet. I looked at the ignition and it seemed okay, key worked fine. He did have to change the gas cap out with a lockless kind. One thing to note is that the original owner wired speakers into it. That's pretty cool but I prefer bonestock to start with. Also it had been dropped but it has framesliders.
The reason I'd really consider this trade is because my bike is in a very debatable shape. My registration says "unknown mileage" because the originial speedo broke and I had to replace it. Also, some parts are damaged from the previous owners accident (lowside) but all work fine. For example the killswitch-switch was snapped in half and bypassed, my rear brake lever is bent in a little bit, the front brake lever* is warped forward slightly, rear brake squeaks at times, and radiator welds broke so it's secured by a metal clip screw tightener... other than that it runs like a beast.
His R1 is dreamy, but he's only had it for a week, it's salvage, and he's a bimbo. Until he gets the pink slip we decided we would do bills of sale and hold collateral. I still haven't gotten back to his offer of $1k and xbox/tv.